Business

Prime Minister Nguyen Xuan Phuc expressed his hope that Vingroup conglomerate will contribute to the development of the domestic automobile sector with the establishment of its VinFast automobile and electric motorbike manufacturing complex.

Many commercial banks in Vietnam have increased loan interest rates by 1-2% to investors in real estate as property prices continue to rise.

The proportion of FDI enterprises choosing to use commercial arbitration in cases of dispute is 40%.

Grab recently unveiled its smart city vision to empower a future of seamless mobility, on-demand food delivery, logistics, cashless payments and financial services for the people of Southeast Asia - all within one mobile app.

Two more former leaders of the Binh Son Refining and Petrochemical Co., Ltd (BSR) have just been detained on the charge of abusing position and power to appropriate assets.

Jerry Lim, director of Grab in Vietnam, has confirmed that they have increased the fares by 25% since late 2017 because of petrol price rises.

Vietnam will attempt to further reduce the number of commercial banks according to Vice Chairman of the NA Economic Committee, Nguyen Duc Kien.

National flag carrier Vietnam Airlines aims to serve more than 24.3 million passengers and earn consolidated net profit of over 97 trillion VND (4.27 billion USD) in 2018.

Saudi Arabia, the world's largest oil exporter, has said it will take all necessary measures to prevent supply shortages following the US withdrawal from the Iran nuclear deal.

The US delegation will investigate the production process of tra fish from May 14-25, according to the Ministry of Agriculture and Rural Development.

Prime Minister Nguyen Xuan Phuc has agreed to allow Hanoi’s metro project to increase its capital by VND16.12 trillion (USD727.2 million).

Watermelon farmers in the central province of Quang Ngai are suffering from heavy losses as China halted purchases which have resulted in the sharp price fall.

Vietnam’s economic growth in 2018 could exceed the National Assembly’s target and reach 6.83%, according to a forecast released by the Vietnam Institute for Economic and Policy Research (VEPR).

The winner of Vietlott’s Jackpot 1 prize worth up to VND303.89 billion (USD13 million) has not come to the company to receive the money.

The Ministry of Finance has proposed salary reform that will allow state-owned firms to decide salaries so that boards of directors will be hired rather than appointed as currently.

Vietnam has won a bid to supply 130,000 tonnes of rice to the Philippines after the National Food Authority (NFA)’s auction on importing 250,000 tonnes.

State Bank of Vietnam (SBV) has continuously bought in hard currencies in the past few months, raising the country’s foreign reserves to a record high of US$63 billion.

The food and beverage market in Vietnam is expected to see potential for further development in the 2017-18 period, according to the Vietnam Report Company (VNR). Specialists said that after a few years of stagnancy, the food and beverage

The matriarch of the Korean Air dynasty is being investigated by police for allegations of abusing employees, becoming the third member of her close family to be accused of throwing tantrums in the workplace.